MidWestOne Financial Group, Inc. (MOFG)

MOFG Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	246.72	244.57	202.18	148.28	141.04	158.66
Interest Income on Investments	57.41	49.71	47.43	48.48	35.73	26.13
Total Interest Income	304.12	294.27	249.61	196.76	176.77	184.79
Interest Paid on Deposits	107.59	113.11	85.76	20.25	13.2	23.92
Interest Paid on Borrowings	12.65	23.63	19.68	10.16	7.29	7.9
Total Interest Expense	120.24	136.74	105.44	30.4	20.49	31.82
Net Interest Income	183.88	157.54	144.17	166.36	156.28	152.96
Net Interest Income Growth (YoY)	33.04%	9.27%	-13.34%	6.45%	2.17%	6.48%
Trust Income	14.44	14.2	12.25	11.22	11.68	9.63
Gain (Loss) on Sale of Assets	10.95	10.95	-	-	-	-
Gain (Loss) on Sale of Investments	-139.99	-139.95	-18.79	0.27	0.24	0.18
Other Non-Interest Income	15.44	26.56	24.96	36.03	30.54	28.8
Total Non-Interest Income	-99.17	-88.25	18.42	47.52	42.45	38.62
Non-Interest Income Growth (YoY)	-	-	-61.23%	11.93%	9.93%	23.60%
Revenues Before Loan Losses	84.71	69.29	162.6	213.88	198.73	191.58
Provision for Loan Losses	16.4	8.78	5.85	4.49	-7.34	28.37
Revenue	68.31	60.51	156.75	209.39	206.07	163.22
Revenue Growth (YoY)	-60.73%	-61.40%	-25.14%	1.61%	26.26%	-2.70%
Salaries and Employee Benefits	79.98	79.43	73.94	73.39	65.78	63.82
Occupancy Expenses	9.59	9.29	8.82	9.05	7.97	7.86
Federal Deposit Insurance	3.67	3.9	3.29	1.66	1.57	1.86
Amortization of Goodwill & Intangibles	5.58	6.15	6.25	6.07	5.36	6.98
Selling, General & Administrative	32.59	31.16	30.2	32.12	28.87	28.95
Other Non-Interest Expense	13.07	11.36	9.01	8.32	6.58	8.71
Total Non-Interest Expense	145.03	142.16	131.52	130.59	116.37	118.33
EBT Excluding Unusual Items	-76.71	-81.66	25.23	78.8	89.7	44.88
Pretax Income	-76.92	-83.99	24.83	76.6	89.48	13.32
Income Tax Expense	-22.66	-23.7	3.97	15.76	19.99	6.7
Net Income	-54.26	-60.29	20.86	60.84	69.49	6.62
Net Income to Common	-54.26	-60.29	20.86	60.84	69.49	6.62
Net Income Growth	-	-	-65.71%	-12.45%	949.16%	-84.82%
Basic Shares Outstanding	20	17	16	16	16	16
Diluted Shares Outstanding	20	17	16	16	16	16
Shares Change (YoY)	24.05%	8.30%	0.15%	-1.29%	-1.27%	8.23%
EPS (Basic)	-2.77	-3.54	1.33	3.89	4.38	0.41
EPS (Diluted)	-2.78	-3.54	1.33	3.87	4.37	0.41
EPS Growth	-	-	-65.63%	-11.44%	965.86%	-86.01%
Dividend Per Share	0.970	0.970	0.970	0.950	0.900	0.880
Dividend Growth	-	-	2.10%	5.56%	2.27%	8.64%
Effective Tax Rate	-	-	16.00%	20.58%	22.34%	50.29%

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q